Latest RMBS news

  • Fed split on wind down, flags multifamily risk

    Members of the Federal Open Market Committee (FOMC) in July were divided on when to start winding down the Federal Reserve’s balance sheet, according to meeting minutes, with some members also warning on price appreciation in the multifamily real estate market.

    • 16 Aug 2017
  • Irish reforms provide road map for Italian NPL problems

    Italy and its mountain of bad debt are firmly in focus for the European banking system, with observers hoping the country can look to other European nations, particularly Ireland, for a solution to its non-performing loan dilemma.

    • 16 Aug 2017
  • Elan wraps auction for Dutch prime RMBS

    Elan Woninghypotheken has sold its latest Dutch RMBS deal using a modified auction process for all tranches except the senior notes, making it the third ABS issuer to go this route this year.

    • 16 Aug 2017
  • The lowdown: China ABS market report

    China Central Depository and Clearing (CCDC) published its biannual report on China’s asset backed securitization (ABS) market on August 8. It recommended regulators loosen up liquidity, provide incentives to attract more participants, and test the waters by opening an offshore ABS market. Here’s a quick guide to what CCDC said.

    • 16 Aug 2017
  • EU self-cert ban 'a solution looking for a problem'

    The European Union's ban on securitizing self-certified residential loans has been widely criticised by the market since being introduced last month, with DBRS adding to the outcry this week, describing the rule as a “solution looking for a problem”.

    • 15 Aug 2017
  • Blackstone and Starwood set to merge single family rental portfolios

    The Blackstone Group’s Invitation Homes will merge its single family rental portfolio with Starwood Waypoint Homes, in a deal that will create the largest SFR portfolio in the US.

    • 10 Aug 2017
  • Investors circle Greek servicers as NPL momentum builds

    Private equity firms and loan investors are taking a keen interest in Greece, prompting a rush to establish servicing platforms to take advantage of the attractive fees associated with the resolution of non-performing loans. Owen Sanderson and Sam Kerr report.

    • 10 Aug 2017
  • UK ABS investors lay low in August, but prep September comeback

    The UK ABS market has slowed with the rest of Europe in August, with fewer investors participating in recent deals. But sources said September is primed for a strong comeback.

    • 09 Aug 2017
  • JP Morgan lines up new prime jumbo RMBS deal

    Attractive arbitrage is encouraging more prime jumbo RMBS issuance, with JP Morgan set to launch a new $1bn deal this week.

    • 08 Aug 2017
  • ABS allocations show UK already stands apart from Europe

    Despite UK assets offering juicier spreads than their European counterparts, distribution stats show little European investor participation in UK deals. That might be disappointing for UK issuers, but at least it means little to fear from a hard Brexit.

    • 08 Aug 2017

RMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,266.46 209 13.33%
2 Bank of America Merrill Lynch 64,298.92 202 11.54%
3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%